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Angora Creations Company manufactures wool sweaters. Costs incurred in making 9,900 sweaters in September included $35,145 of fixed manufacturing overhead. The total absorption cost per
Angora Creations Company manufactures wool sweaters. Costs incurred in making 9,900 sweaters in September included $35,145 of fixed manufacturing overhead. The total absorption cost per sweater was \$10.05. Required: a. Calculate the variable cost per sweater. b. The ending inventory of sweaters was 1,900 units lower at the end of the month than at the beginning of the month. By how much and in what direction (higher or lower) would cost of goods sold for the month of September be different under variable costing than under absorption costing? c. Express the sweater cost in a cost formula. Complete this question by entering your answers in the tabs below. Calculate the variable cost per sweater. Note: Round intermediate calculations and final answer to 2 decimal places. Variable cost per sweater
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